Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

Congratulations on your first investment purchase! 

We just closed on a 71-unit apartment complex, our largest purchase to date.

Quote from @Steven Catudal: Hi all,I am looking to partner with a friend of mine to purchase some rental properties.

This will help you understand the qualifying requirements, key factors to consider when purchasing, and how to assess whether a property might be a good investment at first glance.

I purchased my first home through NACA to actually live in and I'm curious on how to build my RE portfolio from here.

Look for your states offer to purchase contract online or contact a realtor to get a blank copy. review the agreement to be sure assignment is not expressly excluded. if there is nothing excluding assignment from the contract then writing the words "/And or Assigns" after the name or company's name on the buyer's line should be sufficient.Good luck!

All that being said, the proforma includes a 90 day turnaround between purchase and cashflow.3.